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- Intrepid Labs
Intrepid Labs Valuation, Funding & Investors
Intrepid Labs is valued at $6.8B as of May 2025.
Last Intrepid Labs valuation
$6.8B
Seed · May 2025
Last Intrepid Labs funding round
$7M
Seed · May 2025
Cumulative funding Intrepid Labs raised
$11M
across 2 funding rounds
Key investors in Intrepid Labs
Radical Ventures
Propagator Ventures
Avant Bio
About Intrepid Labs
Intrepid Labs is a biotechnology firm spun out of the University of Toronto in 2022. The company applies artificial intelligence and robotics to automate drug formulation processes, speeding up therapeutic development for pharmaceuticals. Its platform optimizes solid oral dosage forms by predicting formulation outcomes and reducing trial-and-error iterations. Based in Toronto, Ontario, Intrepid Labs partners with contract development organizations to enhance efficiency in early-stage drug manufacturing pipelines.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$6.8B (May 2025)
Intrepid Labs Valuation
Intrepid Labs is currently valued at $6.8B, based on its seed round in May 2025.
The $7M round was led by Avant Bio.
Intrepid Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2025 | Seed | $6.8B |
Intrepid Labs Funding History
Intrepid Labs has raised a total of $11M across 2 funding rounds.
Intrepid Labs' first fundraising round was a $4M seed round in May 2024. The most recent completed round was a $7M seed round in May 2025.
Intrepid Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2025 | Seed | Avant Bio (lead) | $7M | $6.8B | Intrepid Labs is a Toronto-based biotechnology company founded in 2023 that develops next-generation drug products using its Valiant platform, which integrates machine learning, robotics, and pharmaceutical expertise to accelerate formulation design from months to days by exploring billions of possibilities. The platform enables zero-to-one learning without pre-existing data and multi-objective optimization for factors like solubility and manufacturability, targeting oral and long-acting injectable delivery for small molecules and biologics. It has secured partnerships with multiple pharmaceutical companies, contract research organizations, and biotechs. On May 12, 2025, Intrepid Labs raised $7 million in a seed round led by AVANT BIO, bringing total financing to over $11 million following a prior $4 million pre-seed led by Radical Ventures with Propagator Ventures. The round occurred at a $6.8 billion valuation. Proceeds fund team expansion, proprietary delivery technology development, and scaling commercial operations to meet partner demand. Post-round, Intrepid Labs formed a strategic partnership with Quotient Sciences to advance AI-guided formulation and launched in-house programs, underscoring its role in addressing formulation bottlenecks contributing to high clinical trial failure rates. |
| May 2024 | Seed | Radical Ventures (lead); Propagator Ventures | $4M | - | Intrepid Labs is a Toronto-based biotech company that emerged from the University of Toronto in 2023, developing the Valiant platform, which uses AI, machine learning, and robotics to accelerate drug formulation for small molecules and biologics, reducing timelines from months to days. The platform enables zero-to-one learning without pre-existing data and multi-objective optimization for factors like release kinetics and solubility. Intrepid has secured partnerships with top global pharmaceutical companies, including two of the top-10 and four of the top-20, plus CROs, and holds eight commercial agreements. It is advancing proprietary technologies like X-TEND for long-acting injectables and N-HANCE for oral bioavailability, available for licensing. Intrepid Labs raised a $4 million USD pre-seed round led by Radical Ventures with participation from Propagator Ventures, followed by a $7 million USD seed round led by Avant Bio, bringing total funding to $11 million USD. The funds support team expansion, technology development, scaling commercial operations, laboratory growth, and robotics infrastructure. The company is a resident at Johnson & Johnson Innovation – JLABS and part of the Vector Institute’s Fast-Lane Program. |
Who has invested in Intrepid Labs?
3 investors have backed Intrepid Labs across its funding rounds, including Radical Ventures, Propagator Ventures and Avant Bio.
Lead investors include Avant Bio and Radical Ventures.
Intrepid Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | May 2024 | ||
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Start Free TrialIntrepid Labs Competitors
Intrepid Labs competitors include listed companies like Presight AI and BillionToOne, and private ones like Astromech, Chai Discovery, Automation Anywhere and Peregrine Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.8B | - | ||
| Private | $48M | - | $3.8B | - | ||
| Private | $243M | - | $6.8B | - | ||
| Private | $30M | - | $6.8B | - | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Publicly listed | $305M | $12M | $5.2B | 11.7x |
Intrepid Labs Public Comps
Intrepid Labs is still privately-owned, but its public comps include Presight AI, BillionToOne, Adaptive Biotech, Demant, 10x Genomics, Bloomage BioTechnology, MiniMax Group, Affle 3i, Ncino and Bio-Techne.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $305M | $12M | 15.8x | 11.7x | 401.1x | 75.4x | |||
| $277M | ($39M) | 16.7x | 16.0x | (117.9x) | 675.9x | |||
| $3.5B | $782M | 3.6x | 3.2x | 16.1x | 13.5x | |||
| $643M | ($16M) | 14.9x | 15.2x | (591.7x) | (160.9x) | |||
| $626M | $103M | 3.8x | 4.1x | 22.9x | 23.1x | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
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Common questions about Intrepid Labs
| When was Intrepid Labs founded? | Intrepid Labs was founded in 2023. |
| Where is Intrepid Labs headquartered? | Intrepid Labs is headquartered in Toronto, Canada. |
| Is Intrepid Labs publicly listed? | No, Intrepid Labs is a private, VC-backed company. |
| What is Intrepid Labs' valuation? | Intrepid Labs was last valued at $6.8B in its seed round in May 2025. |
| How much funding has Intrepid Labs raised? | Intrepid Labs has raised $11M across 2 funding rounds. |
| What was Intrepid Labs' last funding round? | Intrepid Labs' last funding round was a $7M seed round in May 2025, led by Avant Bio. |
| Who are Intrepid Labs' investors? | Intrepid Labs' investors include Radical Ventures, Avant Bio and Propagator Ventures. |
| Which companies are comparable to Intrepid Labs? | Companies comparable to Intrepid Labs include Astromech, Chai Discovery, Automation Anywhere, Peregrine Technologies, Presight AI and BillionToOne. |
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